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be shared. >> is that's code for tax hikes. senate majority leader harry reid said wealthy americans need to pony up to get the debt down . 9.2 percent unemployment is this any time to talk about tax hikings. welcome to cashin in. >> wayne rogers and tracey burns and john layfield and democratic strategist . what would the plan do for job. >> it would do wrero. these guys have no job's plan or energy plan or tax plan. we are the only developed country in the entire world without this . it is an answer go after a populas marriage. since jackson and hamilton. go after the rich and corporate taxes. and oil companies and in reality all of that money harry reid is talking about 50 billion. that means our deficit annually is 1.6 trillion and doesn't pay the special. take away from their own failure and put it on the rich guy in the corner office. a lot of small companies do create jobs and harry reid could be making a mistake here in >> harry reid when he talks about shared sacrifice. let the congress share that. democratic government is the only one in which those who vote for the tax can esca
they're making progress. democratic senate leader harry reid and republican senate leader mitch mcconnell on the senate floor moments ago. look. >> today the speaker republican leader held a press conference to announce they're in talks with the president and that a bargain to raise the debt ceiling is in the works and is close. in president, members of the senate, that's not true. i just spent two hours with the president, vice president, and leader pelosi, and it's fair for me to say that the engagement there is not in any meaningful way. the speaker, republican leader should know that merely saying we have agreement in front of a few television cameras doesn't make it so. >> the fact of the matter is that the only way we're going to get an agreement before tuesday is to have an agreement with the president of the united states. and the only person in america of the 307 million of us who can sign something into law. and i'm more optimistic than my friend, the majority leader. we've both talked to the president today. talked to the vice president several times. i think we've got a
to defeat the house proposal and the senate expected to move to harry reid's proposal to raise the debt ceiling by $2.3 trillion. and aims to enact 2.8 trillion. but the democrats don't trust the math. and fifth grade civics lesson here. harry reid can't get the vote. and which raises the question, at one part will they give way to serious considerationso? the administration says they need the credit line. with no end game in clear sight, financial marktss more than nervous. wall street in its worst week in a year. the dow, down 4.2% for the week meaning your 401(k) took a hit. we are waiting for harry reid to say, what next. >> i will be honest with you, john. it doesn't seem like there is a clear path to what is next. senate major leader harry reid has an array of options before him. what we know with pretty much serenity because we have been hearing it from the senate majority leader himself, the bill that just passed the house is dead on arrival. the democrats have support and it will not be going any way. the question, what is next? he has optioned and they did not appear to know w
. clearly the vice president, very engaged. mitch mcconnell, harry reid. harry reid has just said the boehner plan which now looks like it will have the votes, now that he's tried to get his freshmen into line, that that will pass, most likely, then go to the senate. it will be taken up and it will be defeated. so you've got at least 51 votes plus two independents against it in the senate and possibly some republicans as well. then what happens? is there some combination of harry reid and boehner that is being worked on behind the scenes which takes the budget cuts this all have agreed on, that the biden group was talking about, and tries to move on from there? >> well, there is lots of avenues for agreement. there is -- there aren't that many big differences between the boehner plan and the reid plan other than one critical difference which is under john boehner's plan, we would be right back in this mess right at the holiday season, having this same debate, creating uncertainty in the economy at one of the most critical times for the economy, the holiday season. we don't want to
not negotiate an extension unless president obama was involved in the talks. harry reid then said he was trying to negotiate with rank and file republicans in the senate but they wanted to come aboard, but they'd not had the permission of their leader. so really it many comes down to who do you believe? it probably is somewhere in the middle, but in terms of going forward the real situation is the clock becomes the most important issue. if the senate does everything they could do to figure out some sort of compromise possibly by tonight or it gets pushed over to tomorrow morning, there's still going to be the earliest attempts that the house can vote on any senate compromise most likely some time monday night, tuesday morning, tuesday afternoon, which leaves a very small window for speaker john boehner to get a compromised proposal through the house. he had an awful difficult time getting a republican bill through the house. it took him three tries. any compromise is going to be a most likely up to 100 and 128 republicans flee and join with democrats. that's where we are. but where can harry re
's confident and optimistic. moments ago harry reid seemed to throw some cold water on the new found optimism. rets go to capitol hill. our congressal correspondent kate bolduan is following this. what do we know? >> reporter: it's changing minute by minute. we did see what could be a significant step in the negotiations just a short time ago when the top republican in the senate, he said, who is a key negotiator in whatever the end game s-he said that those stalled debt talks that were happening that have been stalled all this past week he acknowledged they are talking once again. list engineer here. actually, i don't think we have the sound. that was mitch mcconnell who said he had spoken with the president as well as the vice president and that he says they are fully engaged in serious negotiations. that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was returning to the capitol from a meeting at the white house with the president. he was asked if they were any closer
with this . i guess, chet, the house starts kicking harry reid's camp down the road. >> they are going to do a bill that harry reid hasn't sent over to the house. but it was a proposal he cooked up that was not passed by the senate and it is the reid bill it is from the republican congressman from california . this is elements of what harry reid put together. it is tit for tat. >> house passed the bill and reid killed it and they will kill what reid proposed. >> they are voting on a shell bill. >> like what you are doing atime. >> and there is no way it will pass. they are doing it under suspension of the rules. meaning you need a super majority to pass it. this is no way it will get that. a lot of democrats don't like the proposal. >> where is this going? >> what is interesting is that the house and senate are talking past one another and not closer to forging a deal. the last hope is harry reid trying to get seven or eight republican senators involved. lisa murkowski of alaska and get them to sign on to a package and send it back to the house. john boehner has a deep problem in the house.
hill now, senate majority leader harry reid in the room. let's take the full screen and see if the expectation is that he will be speaking. let's check in with kate bolduan on capitol hill as well to give us an idea of what is taking place right now. we know that senators mitch mcconnell had a lot to say. so did patrick leahy moments ago as well dick durbin. we have been hearing from all of them who have been debating this whole issue of trying to reach some compromise as the sparring continues, kate. while we wait for harry reid to speak, give us an idea of what is taking place. where are we as it pertains to these proposals? >> reporter: we're tracking a couple of things at this very moment, fredricka. one thing we're watching, we're waiting to hear from harry reid, who will be integral in reaching whatever compromise if there is a compromise, to be reached, he'll be integral in being part of those negotiations on the part of democrats here in congress. i think he's actually speaking, fredric fredricka. let's listen in for a second. >> be fairly quick. there has been a num
majority leader harry reid already making his position clear assuring the senate will move to take up the boehner bill at once and at once defeat it. and as the president waits to see what his play may be, his messenger jay carney was steadfast that the white house remains in the winning position. the same side as most americans who simply want compromise. >> one thing that is clear, dan, is that on the suggestion that this is about politics, i don't believe that anybody who has looked at a poll could disagree with the idea that we are winning this based on the merit, but the president is not here to win political arguments, but he is to make sure that the economy and the american people are protected. >> and this vote is anything but a sure thing with many rank and file members of the tea party persuasion firmly against their own speaker. let's get right to it. joining us from capitol hill democratic congressman peter welsh of vermont. good afternoon, sir. >> good afternoon. >> we had a press conference of republicanss proposing a bipartisan bill. is it? >> well, saying it is doesn't
. but no such opportunity with harry reid and democrats. >> i think this is part of a pattern of obstruction. we saw it with the budget. the house did their job and passed the budget. it has been 8 hyundais since the senate passed a budget. same thing with cap, cut and balance. they moved to table that without debate and here tonight they did the same. >> sean: let me ask both of you this. a lot of americans are aggravated tonight. we expect any minute how to that senator reid, durbin, senator schumer and murray will come right there to the podium. looks like they may be coming out now and, as a matter of fact, here they come to the podium. there is senate majority leader reid and looks like dick durbin behind him and there is chuck schumer. and we will go to that press conference. >> senator murray asked to be excused because of a family situation, oh, good, her husband is here. tonight a bipart son majority in the senate rejected boehner's short-term plan clearly. we are seeing something we have seen a lot here in the senate but this time the country's attention is focused on it, a filibuster. a f
by a margin of 218-210 votes. now, tabling the bill allows senator harry reid to put forward his own legislation. in all likelihood a bill that combines democratic proposals perhaps with parts of the boehner bill. now, the senate bill will then head back to the house and if it passes there it will move on to the president's desk. and joining me now with reaction are two people who will play a key role in this weekend's political drama. pennsylvania senator pat toomey and new hampshire senator kelly ayotte. welcome to the program. thanks for being me. >> ithanks sean. >> the bill tabled. in other words, thisth is the second time that the house of representatives as it relates to the debt ceiling has passed the bill and the bill has been tabled at least temporarily on this one. they are not even taking the bill up, correct? >> that is exactly right. more evidence, clear and really unavoidable evidence that the senate democrats are unwilling to even so much as have a debate about a measure that would put us on a path to a balanced budget. they are so passionately opposed, seriously that
a short time ago by a margin of 218-210 votes. now, tabling the bill allows senator harry reid to put forward his own legislation. in all likelihood a bill that combines democratic proposals perhaps with parts of the boehner bill. now, the senate bill will then head back to the house and if it passes there it will move on to the president's desk. and joining me now with reaction are two people who will play a key role in this weekend's political drama. pennsylvania senator pat toomey and new hampshire senator kelly ayotte. welcome to the program. thanks for being me. >> ithanks sean. >> the bill tabled. in other words, thisth is the second time that the house of representatives as it relates to the debt ceiling has passed the bill and the bill has been tabled at least temporarily on this one. they are not even taking the bill up, correct? >> that is exactly right. more evidence, clear and really unavoidable evidence that the senate democrats are unwilling to even so much as have a debate about a measure that would put us on a path to a balanced budget. they are so passionately opposed
that the american people are not hurt. on this issue. >> moments ago, senate president harry reid laid out a new compromise from the democratic side. $2.7 trillion in spending cuts and a debt ceiling raised beyond the 2012 election. at his side was colleague senator chuck schumer who attacked the republican position. >> at this point, there is no alternative other than default, and no basis for republicans rejecting this proposal other than that they want a default. >> but details from the plan of speaker boehner who will appear before the reporters in less than one hour are also emerging. they call it the boehner two-step. cut $1.2 trillion over ten years and provide a short-term $1 trillion increase in the government's borrowing limit. and a joint committee to cut another $1.6 to $1.8 trillion and no new taxes. it is a plan in line with the cut, cap, balance legislation passed by the house last week and a plan that was quickly defeated by the democrats in the senate. all parties had been close to a so-called grand bargain until the talks collapsed again friday night. a collapse made personally
of this year. democrats led by harry reid with the blessing of the president something that would take us to the end of next year. will it be settled somewhere in the middle? >> probably. i think there's a good chance that we're not going to raise the debt ceiling by august 2nd. i think it is a really good chance. 80% chance that even if we do raise the debt ceiling we are going to get a down grey. u.s. is no longer -- downgrade. the u.s. is no longer going to get a aa been. >> neil: do you think the credit ratings agencies have locked themselves into a corner where they have no choice? >> also they come up with four trillion in savings and cuts none of these plans are talking about four trillion. >> neil: and the trillions they are talking about is baked into the cake with iraq and afghanistan. >> if i was a betting guy, they have to downgrade. >> neil: interesting. the pressure is on this gentlemen, john boehner, reacting to the president signing onboard harry reid's plan. >> our members have a two-step approach, cutting, spending and avoiding an economic collapse as a result of a defau
. the pressure is on this gentlemen, john boehner, reacting to the president signing onboard harry reid's plan. >> our members have a two-step approach, cutting, spending and avoiding an economic collapse as a result of a default. we believe it is a responsible common sense plan that meets our obligations to the american people. and preserves the full, faith and credit of the united states government. this legislation reflects a bipartisan negotiation over the weekend. with our colleagues in the senate. as a result, of this bipartisan negotiation, i would call this plan less than perfect. but, it does ensure that the spending cuts will be greater than the hike in the debt limit. secondly, there are no tax increases that are part of this plan. it is not cut, cap and balance, but it is built on the principles of cut, cap and balance, that can pass the united states senate, as well as the united states house. time is running short. i'm urging my house colleagues to support and my senate colleagues as well. i think it would be irresponsible for the president to veto such legislation, because it is
to potentially deal with harry reid. that's what this could come down to. could come down in the next few hours, to be honest. but there are people publicly today that came out for cutting a deal, including john thune from south dakota, murkowski of alaska. roy blunt of missouri. i didn't mention the main republicans most assume would be available for potential crossover appeal. i can tell you this right now, harry reid is dangling a lot of things to try to attract republicans pap few more cuts up front. a promise of a vote on the balanced budget amendment, not linking passage to the next round of cuts. making the "trigger e" stronger for the second round reef duction. of course, all this is about one thing that the white house tears about. giding rid of the second debt ceiling vote that would take place in six to nine months if john boehner and mitch mcconnell got the bill they want. >> is the starting point that's about to start in the senate that which just passed the house? you said to me prior on "hardball," it's of no consequence, adopt the number from the bill and treat as it a blank sla
now we're looking at a group of republican senators that are ready to potentially deal with harry reid. that's what this could come down to. could come down in the next few hours. there are people publicly today that came out for cutting a deal john thune from south dakota, bob corker of tennessee, roy blunt of missouri, scott brown of massachusetts. i didn't even mention the main republicans who most people assume would be available for a potential crossover appeal. but i can tell you this right now, harry reid is dangling a lot of things to try to attract republicans. a few more cuts up front. a promise of a vote on a balanced budget amendment. not linking passage to the next round of cuts. making quote, the trigger stronger for the second round of deficit reduction. all this is about one thing that the white house cares about, getting rid of the second debt ceiling vote that would take place in six to nine months if john boehner and mitch mcconnell got the bill that they wanted. >> is the starting point for what's about to transpire in the senate that which just passed the house, pr
opposition in the senate where harry reid already had 53 committed votes against it. this is the kind of speech that a speaker gives when he knows his legislation is going nowhere. >> i stuck my neck out a mile to try to get an agreement with the president of the united states, in order to try to come to an agreement to avert us being where we are. but a lot of people in this town can never say yes. this house has acted and it is time for the administration and time for our colleagues across the aisle, put something on the table! tell us where you are! >> when you are actually legislating realistically instead of symbolically, the speech you give at that point is something along the lines of the senate must take action on this bill and the president must sign it. you don't beg the other side to -- >> put something on the table! tell us where you are! >> and you don't need to do that when the president has already told you where you are. >> it has no chance of becoming law. >> speaker boehner has known this day is coming for a long time. last year, he said this to "the new yorker" abou
senator harry reid, democrat of they have dark, quoted as saying in 1997, i believe we should have a -- constitutional amendment to balance the budget. i'm willing to go for that. i don't know what has changed. durbin, almost 20 years ago he said we need to move towards a balanced budget amendment. there are many other democrats, some who have run recently like senator brown of ohio he says before asking for your vote i owe it to you to tell you where i stand. that's for a balanced budget amendment. there are lots of instances where democrats have -- senators have called for a balance budget amendment. though we have this sort of political intrigue, nobody seems to be willing to sit down and resolve it. and we have, as you say drama. but it is not getting prettier. so now what? >> well, that's the hypocrisy that i guess is inherent in this politics as usual from these washington, d.c. characters. they say one thing as candidates. they get elected and do their flip-flop. with harry reid as you mentioned saying he was for a balanced budget amendment. look at president obama, when he
. and everyone was so shocked that our entire technical crew just stopped. and harry reid ain't about to talk of another $3 trillion deal. that would put off tax hikes until 2012 or after. where does that leave us? and now to hill.com reporter on how hot it will get. >>reporter: right new we are headed for default. a lot of people on wall street think there will an deal but this is not like the government shut down showdown. hear put his hands up, very frustrated and democrats are not going to carry the water for president obama and john boehner will not go for a deal that increases taxes. i don't go how they get a deal and if they do i don't know how they get 60 votes in the senate and 218 not house. there is a real dire situation and there is a clock ticking. today was the day. the 22nd when the administration said we must have a deal to look at it, review and vote the i have never seen a debate like this in washington in 16 years and there is in guarantee they will have a deal. >>neil: you mention that harry reid was upset and he lit up at the economic advisor to say, look, why are you kee
this in washington in 16 years and there is in guarantee they will have a deal. >>neil: you mention that harry reid was upset and he lit up at the economic advisor to say, look, why are you keeping us out of these talks, so he is not happy. so there is a lot of infighting because john boehner is feeling that among the more restless tea party troops, so, you feel this is imploding? >>guest: i do, there is a real erosion trust. harry reid is frustrated. nancy pelosi who is not involved in the shut down talks this year not playing big role here. and people are getting jealous that the president is meeting with john boehner and on republican side a lot of the tea party guys are not trusting john boehner, they are skeptical that he is going to blink and both the left and the right are so entrenched here and i don't know how someone is not going to be badly politically damaged with whatever tell they come up with and, again, why see the votes at this time. how do they get there? john boehner has called this a rubic's cube. it is difficult to get a solution. >>neil: but they are aware of the deadlines and
there will be back at 11:00, and majority leader harry reid will be speaking at noon. he did say today that the democratic -- she did say today that he will move ahead with the debt limit bill as a rival proposal to widen that has stalled in the house. announced that his plan would cut $2.5 trillion from the deficit over a decade and avert a debilitating default. look for more from the senate beginning at about 11:00 a.m. eastern. that of course is on c-span2. let's go to our calls. billings, montana. good morning. caller: good morning. i would like to say to our representatives in the senate and the house, congress, stop playing games with our future. do your job. do what you were elected to do. stop playing politics. the general public is fed up with all of you. and if i could fire you today, you would be gone two the -- should be gone. thank you. caller: a call on our republican line. caller: i would say to follow the money. they seem to want to play politics. i agree with the caller before that. i think a lot of people need to be ousted this next election. but i wish somebody would
that there is so far we know of no real communication between harry reid and mitch mcconnell and president obama. at least that's public. i'm sure there are things going on behind the scenes, but when you have both parties still publicly asserting very rigid positions, essentially saying they're not really in the budget this moment, it presents dilgts simply because of where we are in terms of timing. in order for a compromise to come out of the united states senate, ideally in order to avert a default, it would come out tonight. that's probably not going to happen. these negotiations will probably carry into tomorrow, most likely harry reid will try to persuade nine to ten, 12 republicans to come on board with some sort of compromise, and the attempt to hope he can get that. mitch mcconnell has shown so far no willingness to do that. he has doubled down, essentially, with speaker boehner's plan in the house, which senate democrats have no chance of going forward. there is no speculation that mitch mcconnell might come to the bargaining table today. his staff said if it was the appropriate time
that both the harry reid plan and john boehner's plan have been downgraded, if you will by the congressional budget office. neither would produce the amount of money expected. will the president at this point sign a short-term deal if a 30-day emergency extension, whatever, just to keep things going while these issues are resolved? >> you know, andrea, the real issue is not the congressional budget office scoring of either plan or even the vote count on either plan. the real issue is we're at stalemate. we've got two plans that have almost no prospect of passing both houses. so for all the discussions about what might hypothetically come to the president's desk, the real focus should be on that we're at stalemate, we need to find the type of compromise that the president's talked about. we need something that has a down payment on deficit reduction that doesn't allow anybody to get everything that they want. but also takes away the cloud of uncertainty that hangs on our economy right now because of the prospect of default. the one thing the president has been clear on is just continuing that
look alike bill. what were you doing and why would you introduce harry reid's bill in the house. >> it is great to be with you. in our west to be bipartisan, i would like to take your deer hunting cooking story and quote harry truman. if you can't stand the heat, get out of the kitchen. >> mike: our audience loves that, congressman. >> did you like it, mike is the question. let me tell you what happened. as you know from the house, we passed two mess measures cut, cap and balance . we were just able to pass by a narrow margip john boehner's plan that stemmed from the bipartisan meeting in the building in the capitol when we saw john boehner sitting with harry reid andy mitch mcconnell and we know that hairy reid backed away after the president made it clear he didn't want democrat to support it mitch mcconnell is repeatedly asking. he is harry reid to bring it for . we are waiting right now until 1:00 tomorrow morning and the fact it, mitch made the request and harry reid said no. mitch asked us to say since senator reid said his plan was the only one to pass . he asked us to in
. it will be some sort of plan that harry reid and john boehner will craft which will be shot through in the dead of the night through both chambers. that was unpopular with the house the last time the government shutdown. that is why you are hearing it. in terms of the august 2nd deadline, there has been some discussion that perhaps the treasury will have money to pay through the end of next week. a lot of folks don't want to take that chance. to put on our cnbc hats, the yen is at a record high against the dollar. record low against the swiss franc. gold is at an all-time high. this is not good news. >> luke russert on capitol hill. thank you. >>> remember that june golf summit that was supposed to open up the dialogue with the president and john boehner? we have come a long way since that hopeful moment. now the men could not be farther apart. tara and ron christie joins me this morning. tara, i want to start with you. one report described this as mr. compromise as mr. my way or the highway. now we are hearing from luke and hearing about the boehner bill and saying from the speaker this mornin
tonight. >> thanks very much, lawrence. >>> coming up, rupert murdoch surrenders, plus, how harry reid got republican senators to pass a really stupid vote today. that's in the rewrite. >>> and the first indicator that the president's base is not abandoning him. how can you tell? a wicked huge fundraising number. we'll break it down. who's giving and how much next. >> ( rooster crows ) >> by 2020, 50 billion network devices will roam the earth. that's seven devices per person. this will change how we work in ways we've never before imagined. what do you need to secure your people, their devices, and your business? a network that can evolve and grow to protect your human network. [ male announcer ] at nissan, we test the altima's durability on a track that simulates the world's toughest roads. ♪ [ tires screeching ] ♪ if it can survive this drive... ♪ it can survive yours. the nissan altima. innovation that lasts. innovation for all. ♪ >>> coming up, as predicted here last night, willard m. romney today refused to sign the marriage pledge republican candidates are being asked to sig
Search Results 0 to 49 of about 2,014 (some duplicates have been removed)